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Model Note · SRI LOTUS DEVLPRS N RTY L · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SRI LOTUS DEVLPRS N RTY L Discounted cash flow · base FY26
SRI LOTUS DEVLPRS N RTY L
Value per share, this model₹64
CMP 2026-09-10₹209.50
Difference(69.4)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of SRI LOTUS DEVLPRS N RTY L, built on its filed FY26 consolidated statements. The value is the outcome of the assumptions below and nothing else; it is not a fair value, a target or a recommendation.
Assumptions
Input
This model
Filed reference
Revenue growth, 5 years
8% a year
FY26 —% · 5-yr CAGR —%
EBITDA margin
36.5%
FY26 36.5% · 5-yr average 36.5%
Depreciation · capex, % of revenue
0.2% · 0.1%, fading to 1.2× depreciation
FY26 0.2% · 0.1%
Working capital, % of added revenue · tax
145% · 25.5%
529 working-capital days · effective 25.5%
Discount rate
11.00%
1-yr beta 1.37
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(618) · ₹0 · ₹0 cr
FY26 net debt ₹(618) cr
Shares
48.87 crore
48.87 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY26
FY27
FY28
FY29
FY30
FY31
Revenue
769
830
897
969
1,046
1,130
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
281
303
327
354
382
412
Depreciation
(2)
(2)
(2)
(2)
(2)
(2)
NOPAT
208
225
243
262
283
306
less capex
(0)
(1)
(1)
(2)
(2)
(3)
less working-capital build
—
(89)
(96)
(104)
(112)
(121)
Free cash flow to firm
—
136
147
158
170
184
Present value
129
126
122
118
115
Source: the model; base year as filed.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
Model Note · SRI LOTUS DEVLPRS N RTY L · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
610
PV of the terminal value (76% of EV)
1,908
Enterprise value
2,518
less net debt
618
less non-controlling interest
0
add non-operating investments
0
Equity value
3,136
÷ 48.87 crore shares
₹64
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
66
70
74
80
87
10.5%
62
65
69
73
79
11.0%
58
61
64
68
72
11.5%
55
58
60
63
67
12.0%
53
55
57
59
63
Source: the model; n/a where terminal growth reaches the discount rate.
Statement
This note is the reader's own model over publicly filed information: SEBI results XBRL filed with BSE and NSE and exchange price data, assembled by MarketPing software; every assumption above is the reader's. It contains no research recommendation, no price target and no opinion by MarketPing on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Historical per-share figures are on the current share count. Where a figure is unavailable the table shows a dash rather than an estimate. Nothing here constitutes investment advice, an offer or a solicitation.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
